Better Boston Area Economy Expected As Population Grows

The Greater Boston Area economy is expected to improve over the coming year just as it was announced that the population grew by about 90,000 over the past two years, according to new U.S. Census Bureau estimates issued yesterday. About 4.6 million people now live in the Boston-Cambridge-Newton area, according to the Census.

The Boston Metro Area stayed at No. 10 in the nation’s population rankings. The Census Bureau issues annual population estimates for all metros, micros and counties across the country, based on its analysis of birth, death and immigration records.

Yesterday’s estimates were the first to be released since the U.S. Office of Management and Budget redefined the borders of all metros and micros — and changed some of their formal names — a month ago.

Better Boston Area Economy Expected

The Greater Boston area economy is expected to improve in the coming year as the population continues to grow.The majority of Metro Boston business leaders believe the Boston area economy will improve over the next 12 months, but they are less optimistic than they were last year, according to a new survey.

At the Greater Boston Chamber of Commerce’s annual economic outlook breakfast Thursday, 57 percent of business leaders said they expect the Boston economy to be somewhat better over the next 12 months, down from 66 percent last year.

This year’s top challenges facing the Greater Boston area economy, they said, were the cost of living, followed by the cost of health care and deteriorating infrastructure.

More than half of the business leaders — 57 percent — said they expect either a significant or a slight increase in their hiring plan for this region in 2013, compared to 50 percent last year. 8 percent said they expect a slight or significant decrease in hiring, down about 9 percent from last year.

To stay abreast of the latest on the Greater Boston area economy, check out our articles on the Greater Boston area economy and our Boston Real Estate News, both under the Boston Real Estate Categories to your right.

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